Manager, Payroll and Total Rewards

COMPANY DESCRIPTION:  Forbright is a nationwide full-service bank and lender helping accelerate the transition to a sustainable and low-carbon economy. Headquartered in Chevy Chase, Maryland, Forbright is committed to accelerating the transition to a sustainable economy by financing visionary leader in clean energy, healthcare, technology, financial services, real estate, and other industries with extraordinary service.

COMPANY CULTURE:  We are a dynamic, high energy, fun, and fast-paced organization that has an exciting growth trajectory, meaningful mission, and embedded responsible environmental, social, and governance practices into our daily interactions. We offer our team members a culture of collaboration, inclusion, flexibility, recognition, and giving back. We look to hire individuals that are passionate about our mission, and who are motivated, customer and results-oriented, innovative, adaptable, and thoughtful.

COMPANY MISSION:  We are a mission-driven institution. We operate a sound dynamic institution that is well capitalized, liquid, profitable and uses best practices to manage risk and assure compliance with laws and regulations. We use Forbright’s capital, capabilities, innovation, and expertise to help our clients succeed and contribute broadly to building a more sustainable future.

JOB SUMMARY: The Manager, Payroll and Total Rewards is responsible for the oversight of the Company’s total rewards program and payroll processing for 500+ employees nationally on a semi-monthly payroll.

• Payroll:
• Provide oversight to ensure payroll and related processes are accurate, efficient, timely, and in compliance with internal controls, tax regulations, and applicable federal, state, and local legislative compliance requirements 
• Manage all payroll tax inquiries and filings and garnishments 
• Handle escalated payroll inquiries/matters  
• Perform audits and troubleshoot issues to maintain payroll accuracy 
• Generate reports and assist with reconciliations 
• Oversee compliance with statutory reporting and filing requirements 
• Collaborate on system updates related to payroll, and provide training to team members on procedures and compliance 
• Act as liaison with third party providers for payroll processing such as 401(k)  

• Benefits and Compensation:
• Oversee the administration of the Company’s benefit programs, including health and welfare benefits and retirement benefits, as well as unemployment and workers’ compensation insurance 
• Partner with benefits and retirement administrators/vendors to maintain compliance with federal/state regulations – ERISA, HIPAA, FMLA, COBRA, ACA, ADA and others 
• Provide support to the Benefits Specialist for leave of absence administration, including the preparation of leave schedules, review of benefit prorations, etc. 
• Partner with the employee engagement team to execute wellness programs and events 
• Ensure benefit documents are accurate and up to date in the HRIS system 
• Ensure compliance with reporting requirements such as 5500s and non-discrimination testing 
• Provide guidance with different state laws as it pertains to wage notices and payout, notice of hires, PTO pay out, required sick leave, etc. 
• Proactively anticipate and stay informed of information related to impacts on regulations, market practices, trends, economic factors, and risk and participate in benefit surveys 
• Partner with compensation team to ensure total rewards are competitive and research/benchmark best practices, systems, and programs 
• Manage job grades, salary bands, and bonus targets in the HRIS and take the lead on evaluating them annually, at a minimum 
• Partner with the Talent Acquisitions team / HRBPs to manage the job evaluation process, including reviewing/approving job descriptions in the Company’s platform for new positions and ongoing maintenance of existing job descriptions to ensure consistency and alignment with the job grades 
• Evaluate and identify FLSA classifications to ensure compliance 
• Assist in internal and external compensation benchmarking, including participating in company market data surveys and analyzing external data 
• Participate in administration of year-end compensation process 

• General:
• Provide back-up support to the payroll and total rewards team 
• Assist with audit requests by providing records and documentation to HR team members and auditors, as needed 
• Perform other duties as assigned 

• Supervise assigned employees by organizing and monitoring work progress  
• Maintain staff by recruiting, selecting, orienting, and training employees  
• Manage performance of employees through development, coaching, and counseling  

• High School Diploma or GED required; Bachelor's Degree in Accounting, Finance, Business Administration or related field preferred 
• A minimum of 8 – 12 years of experience administering benefits and payroll operations/compliance, including managing payroll tax and benefits compliance for a multi-state/national employer with at least 150 employees required 
• A minimum of 2 years of people management experience required 
• Experience with Namely HRIS strongly preferred  
• Experience managing compensation programs strongly preferred 
• Certified Payroll Professional (CPP), Certified Public Accountant (CPA) or Certified Employee Benefits Professional (CEBS) designation preferred 
• Knowledge of applicable local, state, and federal laws 
• Knowledge and ability to use MS Outlook, Word, and PowerPoint to perform essential functions of the job 
• Strong and proficient Excel skills (e.g., vlookups, pivot tables, macros) required 
• Outstanding organizational, problem-solving, and time management skills 
• Basic accounting and math skills 
• Strong analytical skills, highly organized and detail-oriented; high degree of accuracy 
• Ability to learn new systems quickly 
• Effective oral and written communication skills 
• Process driven, self-motivated, and can work independently 
• Works well in a team environment and can be effective in a fast-paced work environment 
• Ability to build rapport with individuals at all levels in the organization 
• Ability to maintain confidential information 

The pay range for this position is below. The specific rate will depend on the successful candidate’s qualifications and prior experience. $120,000 (entry level qualifications) to $150,000 (highly experienced).

POSITION REQUIREMENTS: We are committed to creating an inclusive workplace where all employees are capable of performing their job position. Work is primarily conducted in an office setting while certain positions may allow for remote work through the use of technology at management discretion. The functions described below are representative of those to successfully perform duties of this job. Reasonable accommodations may be made to enable employees to perform the essential functions. While performing duties of this job, the employee may be regularly required for extended periods of time to:

• Remain in a stationary position

• Use hands and fingers 

• Utilize a computer monitor with visual acuity

• Operate technology or other office machinery such as printers, scanners, etc.

• Communicate clearly verbally and/or in writing with others

• Walk, stoop down, crouch, kneel or bend over

ADDITIONAL DUTIES: For Forbright Bank to remain efficient and nimble as a growing organization, team members are expected to exhibit a high level of flexibility regarding any duties that may be situationally assigned outside of this job description. 

PERKS/BENEFITS:

• Comprehensive health, dental, and vision plans

• 4 weeks PTO

• 401k + company match

• Metro SmartTrip benefits ($50/mo)

• Remote or hybrid work schedules for most positions

• Bonuses for purchasing solar panels, electric vehicles, biking to work, etc.

• Paid subscriptions to Veterans Compost, Imperfect Foods, and more!

• Best Workplaces for Commuters 2023 & 2024 winner

• The Washington Post Top Workplaces 2023 & 2024 winner

• American Banker Best Banks to Work For 2023 winner

It is the policy of Forbright Bank to provide equal employment opportunities to all qualified individuals and to administer all aspects and conditions of pre-employment and employment without regard to protected characteristics.